Comments on: Buy/Sell Agreements for Business Owners http://www.efinancialblog.com/buysell-agreements-business-owners/ America's Financial Security and Life Insurance Blog Fri, 03 Sep 2010 07:32:42 -0500 http://wordpress.org/?v=2.8.1 hourly 1 By: Jean Drogus http://www.efinancialblog.com/buysell-agreements-business-owners/comment-page-1/#comment-153 Jean Drogus Tue, 04 Nov 2008 19:05:59 +0000 http://www.efinancialblog.com/?p=513#comment-153 Any small business that has partners, simply MUST make the investment in a Buy-Sell agreement. To not have one is openly courting with disaster, especially if the partnership is 50-50. Woring for an Insurance broker, We have seen too many of these situations occur, whereas, the partnerships that have a buy-sell in place continue to thrive after disaster strikes. Jean Drogus www.securefloridian.com Any small business that has partners, simply MUST make the investment in a Buy-Sell agreement. To not have one is openly courting with disaster, especially if the partnership is 50-50. Woring for an Insurance broker, We have seen too many of these situations occur, whereas, the partnerships that have a buy-sell in place continue to thrive after disaster strikes.

Jean Drogus
http://www.securefloridian.com

]]> By: Allan Pennyfarthing http://www.efinancialblog.com/buysell-agreements-business-owners/comment-page-1/#comment-59 Allan Pennyfarthing Thu, 23 Oct 2008 21:26:40 +0000 http://www.efinancialblog.com/?p=513#comment-59 I wholeheartedly agree with this idea. I have started several companies over the years, and for most of them, we used this type of agreement or something very similar. It provides fantastic piece of mind, and ensures that there is stability in the company should anything happen. It is always an awkward conversation when first mentioned, but if all parties understand it correctly, there should be a quick consensus that a life insurance policy of some kind is the most responsible course of action. I wholeheartedly agree with this idea. I have started several companies over the years, and for most of them, we used this type of agreement or something very similar. It provides fantastic piece of mind, and ensures that there is stability in the company should anything happen. It is always an awkward conversation when first mentioned, but if all parties understand it correctly, there should be a quick consensus that a life insurance policy of some kind is the most responsible course of action.

]]> By: David Chilon http://www.efinancialblog.com/buysell-agreements-business-owners/comment-page-1/#comment-56 David Chilon Thu, 23 Oct 2008 19:16:48 +0000 http://www.efinancialblog.com/?p=513#comment-56 Anthony, I'm glad you found this useful. I was in a similar situation several years ago and my partners and I decided to invest in this form of insurance. Fortunately, none of us have passed on (and, knock on wood, won't for quite some time) but this type of insurance is invaluable for the peace of mind it gives us all: knowing that in the event of something unfortunate, our business will continue to prosper and our families will be well taken care of. Every business should invest in something like this; you won't regret it. Anthony, I’m glad you found this useful. I was in a similar situation several years ago and my partners and I decided to invest in this form of insurance. Fortunately, none of us have passed on (and, knock on wood, won’t for quite some time) but this type of insurance is invaluable for the peace of mind it gives us all: knowing that in the event of something unfortunate, our business will continue to prosper and our families will be well taken care of. Every business should invest in something like this; you won’t regret it.

]]> By: Anthony http://www.efinancialblog.com/buysell-agreements-business-owners/comment-page-1/#comment-31 Anthony Tue, 21 Oct 2008 21:08:08 +0000 http://www.efinancialblog.com/?p=513#comment-31 One of my partners and I were just considering this very problem. We have another partner who has increasingly ailing health, and we weren't sure what would happen if anything happened to him, or us for that matter. We all have wanted to ensure the continued survival of our business. I never realized that there were life insurance options for businesses, and not just for individuals. I'll need to go see an estate attorney soon to figure this out. Thanks Efinancial One of my partners and I were just considering this very problem. We have another partner who has increasingly ailing health, and we weren’t sure what would happen if anything happened to him, or us for that matter. We all have wanted to ensure the continued survival of our business. I never realized that there were life insurance options for businesses, and not just for individuals. I’ll need to go see an estate attorney soon to figure this out.

Thanks Efinancial

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